SRS Real Estate Partners Facilitates $8.5M Sale Of Medical Office Building In Ashburn, VA
20041 Riverside Commons Plaza
$8,500,000
$675/SF
Building Size
12,580 SF
Asset Type
Medical Office
Closing
Dec 14, 2023
AI
SRS Real Estate Partners has facilitated the $8.5 million sale of a fully leased, 12,580-square-foot medical office building at 20041 Riverside Commons Plaza in Ashburn, Virginia. The property is located in the Ashburn market.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,500,000
- Address: 20041 Riverside Commons Plaza, Ashburn, VA
- Market: Ashburn, VA
- Square Footage: 12,580
- Price Per Square Foot: $676
The buyer's representatives in this transaction were Andrew Fallon and Philip Wellde from SRS Real Estate Partners. They represented the buyer in acquiring the medical office building. On the other side, the seller was represented by Danny Brooker, Douglas Olson, and Rich Sillery from Monument Realty.
Players
Ashburn Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93